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<br />I ~'-'.' - -" <br />, .,),., ':- <br />, . <br /> <br />.,..._-_.,~ <br />. "~"""\'ib"'-'"" ,; <br /> <br />.. . ,.,-. """'K""~".- <br />..'>< "0 <br /> <br />Relocation Assistance Payments Calculation <br /> <br />The amount of payment available to a displaced household shall be computed by subtracting 48 <br />times the base monthly rental of the displaced person from 48 times the monthly rental for the <br />comparable replacement dwelling. In no case may'such amount exceed the difference between <br />48 times the base monthly rental and 48 times the monthly rental actually required for the <br />replacement dwelling occupied by the displaced person. See example below. <br /> <br />EXAMPLE <br />. <br /> <br />JOHN DOE TENANT <br />FAMILY OF 4 . <br />UNIT SIZE: 2 BEDROOMS <br /> <br />MOVING FROM: 2 BEDROOM WI 4 FURNISHED ROOMS <br /> <br />HOUSEHOLD INCOME: $1,200/Month X 25% = $300.00/Month - Maximum Tenant payment <br /> <br />RENTIUTll..ITIES AT COMPARABLE UNIT: $850 + 37.00 = <br />x48 <br />$42.576.00 <br />RENT/UTll..ITIES AT BASE MONTHLY RENTAL: $695.00 = <br />x48 <br />$35,136.00 <br />RELOCATION ASSISTANCE NEED: <br />MAXIMUM RELOCATION ASSISTANCE PAYMENT: <br />TOT AL MOVING & DISLOCATION ALLOWANCE: <br />TOTAL RELOCATION COST <br /> <br />$ 887.00 <br /> <br />$ 732.00 <br /> <br />$ 7,440.00 <br />$ 5,250.00 <br />$ + 500.00 <br />$ 5.750.00 <br /> <br />Tenant - The term "tenant" means a person who rents or is otherwise in lawful <br />possession of a dwelling including a sleeping room, which is owned by another. <br /> <br />Utility Costs - The term utility costs means expenses for heat, cooking, lighting, water <br />and sewer, incurred in the reasonable residential use and occupancy of a dwelling. <br /> <br />Very Low Income Household - Low income person/household means an individual or <br />family whose average monthly income does not exceed 50% of the median income for <br />the area, as determined by Section 8 limits established by U. S. Department of Housing <br />and Urban Development, with adjustments for smaller or larger families. (Refer to Chart <br />under definition for "Household Income") <br /> <br />17 <br /> <br />'_.'_.'-"'--~----. <br />